Bob Goodlatte: provide fairness to this system, we will be letting down our constituents and once again, the little guy will lose. i reserve the balance of my time. the chair: the gentlelady reserves. the gentleman from virginia. mr. goodlatte: mr. chairman, i yield myself one minute.

Bob Goodlatte: some of the other issues raised in this manager's amendment that need to be pointed out are that the amendment provides an alternative to cramdown of principal, but asound -- astoundingly the alternative is free money. if a judge doesn't want to give a cramdown he can rewrite the mortgage as a no-interest loan

Bob Goodlatte: over the full term of a new 30-year deal. now, just like there's no such thing as a free lunch, there's no such thing as free money for banks or credit unio to the people who come to them system of while the gentleman, in fact, several have meat the point this only applies to existing mortgages, the fact of

Bob Goodlatte: the matter is, the money to pay for the modifications that are made here has got to come from someplace. while i remain concerned that future would be to advance the enactment date, everything else in the law would be the same so you could continue this policy and make it permanent, even if